4 ms·
Isn't that just socialism without the social benefits?
by benoau 4mo ago
Isn't that just socialism without the social benefits?
- jordanb 4mo agoBeen like this since the GFC: the rich have a government funded undo button they can press whoever they need to.
- moregrist 4mo agoPretty much. For all the current US administration has complained about the opposition being “socialist,” they’ve certainly gone all-in on the state partially owning private companies. Almost like cries of “socialism” have become a dog whistle instead of what the term actually means.
- burningChrome 4mo ago[flagged]
- dofm 4mo agoThose people haven't been elected at all, yet. And at what level are they? Aren't there over half a million elected officials, one way or another, in the USA? There are nearly twenty thousand at state level or above.
- kingleopold 4mo agoNorway is far ahead in this, they collect lots of tax from poor and avg. people yet they have the biggest wealth fund in the world. literally only benefits certain groups
- exe34 4mo agoThat certain groups being everybody, since they use the interest from the fund to put into the general government budget.
- ortusdux 4mo agoIt's been the status quo for a while now - https://www.pbs.org/newshour/economy/trillions-of-dollars-in-bank-b https://www.pbs.org/newshour/economy/trillions-of-dollars-in...
- dayofthedaleks 4mo ago[flagged]
- throwawaypath 4mo agoThanks Obama.
- thesmtsolver2 4mo agoReally? It is quite fashionable to call the US fascist while going gaga at other countries that have similar or worse conditions. Let me bring receipts. https://www.econstor.eu/bitstream/10419/263159/1/1815112018.pdf https://www.econstor.eu/bitstream/10419/263159/1/1815112018.... The most striking difference is that top investors in Europe hold much higher stakes than in the United States. The top ten in Europe features several governments. https://en.wikipedia.org/wiki/Category:Government-owned_companies_of_Europe https://en.wikipedia.org/wiki/Category:Government-owned_comp... Do you want to apply the word you had in mind to those governments too?
- Hikikomori 4mo agoFar from the same thing. Most of these are ex government monopolies, some still are. We also don't have dictators taking over all parts of our governments. Hitler did join forces with industrialists.
- thesmtsolver2 4mo ago> Most of these are ex government monopolies, some still are. It makes them even worse if you are defining fascism. Look up Italy when fascism was alive. > We also don't have dictators taking over all parts of our governments Because they are already in charge.
- Hikikomori 4mo agoFascism is just this one thing right?
- jerf 4mo agoThe term "fascism" has undergone so much memetic drift that it verges on useless, but this does bear a striking resemblance to fascist corporatism [1], at least taken to the logical conclusion: "A fascist corporation can be defined as a government-directed confederation of employers and employees unions, with the aim of overseeing production in a comprehensive manner. Theoretically, each corporation within this structure assumes the responsibility of advocating for the interests of its respective profession, particularly through the negotiation of labor agreements and similar measures." A lot of dystopian literature has been written with the premise that governments would wither away and end up replaced by mega-corporations that become the de facto law. I suppose the theory where the government just buys all the corporations instead because they control the money supply was generally overlooked by those authors. The end result probably isn't much different, but the path to get there has some differences, I suppose. It also seems reasonable to say that the authors, not being from the finance world (at least that I know of) may not have realized the depths to which financial engineering would sink and the willingness of the governments to participate in it. Back in the 1980s when cyberpunk was really thriving the government at least made mouth noises about fighting the worst excesses of financial engineering. Whether history bears that out as something they were actually doing, the reader is welcome to come to their own conclusions about. But the government at least tried to look like a countervailing force to financial engineering.
- mghackerlady 4mo agoCloser to fascism, socialism implies the workers own the means of production to an extent
- bit-anarchist 4mo agoIn Fascism, the national workers own the means of production by proxy through the Fascist party. Directly inspired by democratic centralism, btw.
- r721 4mo agohttps://en.wikipedia.org/wiki/State_capitalism https://en.wikipedia.org/wiki/State_capitalism